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  • SECTION 406
    Notice of assignment; payments
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  • ARTICLE 10
    Retail Instalment Sales Act
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  • SECTION 408
    Credit upon anticipation of payments
    • This entry was published on 2014-09-22
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    SECTION 407

    Statements of account; receipts

    Personal Property (PEP) CHAPTER 41, ARTICLE 10

    § 407. Statements of account; receipts. At any time after its
    execution, but not later than one year after the last payment
    thereunder, the holder of a contract or obligation shall, upon written
    request of the buyer, give or forward to the buyer a written statement
    of the dates and amounts of payments and the total amount, if any,
    unpaid thereunder. Such a statement shall be supplied by the holder once
    each year without charge; if any additional statement is requested by
    the buyer, the holder shall supply such statement to the buyer at a
    charge not exceeding one dollar for each additional statement supplied
    to the buyer. A buyer shall be given a receipt for any payment when made
    in cash.